Privium Fund Management UK Ltd Decreases Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Privium Fund Management UK Ltd trimmed its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 51.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,811 shares of the company’s stock after selling 26,923 shares during the quarter. Sun Country Airlines makes up approximately 0.3% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 12th largest position. Privium Fund Management UK Ltd’s holdings in Sun Country Airlines were worth $376,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SNCY. Paloma Partners Management Co purchased a new position in Sun Country Airlines in the 3rd quarter worth approximately $132,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $154,000. Versor Investments LP purchased a new position in Sun Country Airlines during the fourth quarter worth approximately $185,000. Proficio Capital Partners LLC acquired a new position in Sun Country Airlines during the fourth quarter worth $190,000. Finally, New York State Teachers Retirement System grew its holdings in Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after buying an additional 1,505 shares in the last quarter.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $12.89 on Wednesday. The stock has a market cap of $685.21 million, a PE ratio of 13.57, a P/E/G ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59. The stock has a fifty day simple moving average of $16.00 and a 200-day simple moving average of $14.13. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. Equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In other news, COO Gregory A. Mays sold 6,147 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $16.08, for a total transaction of $98,843.76. Following the sale, the chief operating officer now owns 60,368 shares of the company’s stock, valued at approximately $970,717.44. This represents a 9.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the completion of the transaction, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $550,033. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,541 shares of company stock worth $3,380,795. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SNCY shares. Susquehanna lifted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $19.29.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.